Indian Intraocular Lens Market size to grow at a CAGR of 9.2% from 2022 to 2027|Increasing prevalence of ophthalmic diseases drives the market growth -Technavio

NEW YORK, June 30, 2023 /PRNewswire/ -- The intraocular lens market in India size is estimated to grow by USD 99.17 million from 2022 to 2027. The market is estimated to progress at a CAGR of 9.2% according to Technavio. Download a Sample Report Now!

Intraocular Lens Market in India Insights -

• Vendors: 15+, Including Alcon Inc., Appasamy Associates Pvt. Ltd., Aravind Eye Care System, Bausch Health Co. Inc., Biotech Healthcare Holding GmbH, Care Group Sight Solution Pvt. Ltd., Carl Zeiss AG, Excellent Hi Care Pvt. Ltd., FREEDOM MEDICARE SAS, Global Ophthalmic Pvt. Ltd., HOYA Vision Care Europe Hoya Holdings N.V, Johnson and Johnson Services Inc., NanoVision, Nayam Innovations Pvt. Ltd., Omni Lens Pvt. Ltd., SMR Ophthalmic Pvt. Ltd., STAAR Surgical Co., Syon Med Pvt. Ltd., Grevis Pharmaceuticals Pvt. Ltd., and EssilorLuxottica SA, among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Product (Monofocal intraocular lens, Multifocal intraocular lens, Toric intraocular lens, and Accommodative intraocular lens) and End-user (Hospitals, Ophthalmic clinics, and Ambulatory surgery centers)

To understand more about the Intraocular Lens Market in India, request a sample report

Intraocular lens market in India - Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including Alcon Inc., Appasamy Associates Pvt. Ltd., Aravind Eye Care System, Bausch Health Co. Inc., Biotech Healthcare Holding GmbH, Care Group Sight Solution Pvt. Ltd., Carl Zeiss AG, Excellent Hi Care Pvt. Ltd., FREEDOM MEDICARE SAS, Global Ophthalmic Pvt. Ltd., HOYA Vision Care Europe Hoya Holdings N.V, Johnson and Johnson Services Inc., NanoVision, Nayam Innovations Pvt. Ltd., Omni Lens Pvt. Ltd., SMR Ophthalmic Pvt. Ltd., STAAR Surgical Co., Syon Med Pvt. Ltd., Grevis Pharmaceuticals Pvt. Ltd., and EssilorLuxottica SA

Intraocular Lens Market in India – Market Dynamics

Major Drivers - 

• The increasing prevalence of ophthalmic diseases is a major driving factor for the growth of the market.
• There are more people with dry eyes than ever before worldwide. Also, there are more people with refractive errors, cataracts, glaucoma, retinal diseases like age-related macular degeneration (AMD), retinal detachment, and diabetic retinopathy.
• Glaucoma is the second most common cause of blindness in the world, after cataracts, which are among the most prevalent ophthalmic conditions in India.
• Hence, such factors contribute to the growth of the prevalence of ophthalmic diseases, which will drive the growth of the India IOL market in India during the forecast period.

Significant Trends -

• The rising focus of vendors on strengthening their presence is an emerging trend influencing the market growth.
• The middle-class population in emerging economies like India is significantly expanding. This creates a sizable, new customer base with increased access to ophthalmic goods and services as well as the financial means to pay for them.
• The adoption of ophthalmology surgical devices will rise in developing nations like India, Brazil, and other places owing to various factors.
• The factors include an increase in the number of eye care specialists and hospitals that focus exclusively on eye care, better access to cutting-edge technology, and rising patient awareness.
• Hence, such factors are anticipated to accelerate the growth of the Indian IOL market. 

Key challenges - 

• Intense competition among the manufacturers of intraocular lenses challenges the growth of the market during the forecast period. 
• The intraocular lens market in India is marked by fierce competition owing to the presence of reputable vendors.
• Also, a variety of intraocular lenses are available from both international and regional vendors, and the design materials used may be similar, which leads to pricing wars, which have a negative impact on market growth during the forecast period.
• Hence, such factors will hinder Indian IOL market growth in the region during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

The intraocular lens market in India report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

Why Buy?

• Add credibility to strategy
• Analyzes competitor's offerings 
• Get a holistic view of the market

Grow your profit margin with Technavio- Buy the Report

What are the key data covered in this Intraocular Lens Market in India report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the intraocular lens market in India between 2023 and 2027
• Precise estimation of the size of the intraocular lens market in India and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the intraocular lens market across India
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of the intraocular lens market in India vendors

Gain instant access to 17,000+ market research reports. 

Technavio's SUBSCRIPTION platform

Related Reports:

The ocular implants market size is expected to increase by USD 1.82 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.26%. Furthermore, this report extensively covers ocular implant market segmentation by product (IOLs, corneal implants, glaucoma implants, and ocular prostheses) and geography (North America, Europe, Asia, and Rest of World (ROW)). The increasing prevalence of ophthalmic diseases is notably driving the ocular implants market growth.

The cataract surgery devices market is estimated to grow at a CAGR of 5.94% between 2022 and 2027. The size of the market is forecast to increase by USD 2,056.34 million. This report extensively covers market segmentation by product (intraocular lens, phacoemulsification devices, ophthalmic viscosurgical devices, and femtosecond lasers), end-user (hospitals, clinics, and ophthalmology centers), and geography (North America, Europe, Asia, and Rest of World (ROW)). The rise in the number of cataract procedures is notably driving the market growth.

Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 11: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 12: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 13: Chart on India: Year-over-year growth 2022-2027 (%)
• Exhibit 14: Data Table on India: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Intraocular lens market India 2017 - 2021
• Exhibit 15: Historic Market Size – Data Table on Intraocular lens market India 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021
• Exhibit 16: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021
• Exhibit 17: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 25: Chart on Product - Market share 2022-2027 (%)
• Exhibit 26: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 27: Chart on Comparison by Product
• Exhibit 28: Data Table on Comparison by Product

• 6.3 Monofocal intraocular lens - Market size and forecast 2022-2027 
• Exhibit 29: Chart on Monofocal intraocular lens - Market size and forecast 2022-2027 ($ million)
• Exhibit 30: Data Table on Monofocal intraocular lens - Market size and forecast 2022-2027 ($ million)
• Exhibit 31: Chart on Monofocal intraocular lens - Year-over-year growth 2022-2027 (%)
• Exhibit 32: Data Table on Monofocal intraocular lens - Year-over-year growth 2022-2027 (%)

• 6.4 Multifocal intraocular lens - Market size and forecast 2022-2027 
• Exhibit 33: Chart on Multifocal intraocular lens - Market size and forecast 2022-2027 ($ million)
• Exhibit 34: Data Table on Multifocal intraocular lens - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Chart on Multifocal intraocular lens - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Multifocal intraocular lens - Year-over-year growth 2022-2027 (%)

• 6.5 Toric intraocular lens - Market size and forecast 2022-2027 
• Exhibit 37: Chart on Toric intraocular lens - Market size and forecast 2022-2027 ($ million)
• Exhibit 38: Data Table on Toric intraocular lens - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Chart on Toric intraocular lens - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Toric intraocular lens - Year-over-year growth 2022-2027 (%)

• 6.6 Accommodative intraocular lens - Market size and forecast 2022-2027 
• Exhibit 41: Chart on Accommodative intraocular lens - Market size and forecast 2022-2027 ($ million)
• Exhibit 42: Data Table on Accommodative intraocular lens - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Chart on Accommodative intraocular lens - Year-over-year growth 2022-2027 (%)
• Exhibit 44: Data Table on Accommodative intraocular lens - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Product 
• Exhibit 45: Market opportunity by Product ($ million)
• Exhibit 46: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 47: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 48: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 49: Chart on Comparison by End-user
• Exhibit 50: Data Table on Comparison by End-user

• 7.3 Hospitals - Market size and forecast 2022-2027
• Exhibit 51: Chart on Hospitals - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Hospitals - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Hospitals - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Hospitals - Year-over-year growth 2022-2027 (%)

• 7.4 Ophthalmic clinics - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Ophthalmic clinics - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Ophthalmic clinics - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Ophthalmic clinics - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Ophthalmic clinics - Year-over-year growth 2022-2027 (%)

• 7.5 Ambulatory surgery centers - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Ambulatory surgery centers - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Ambulatory surgery centers - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Ambulatory surgery centers - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Ambulatory surgery centers - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by End-user 
• Exhibit 63: Market opportunity by End-user ($ million)
• Exhibit 64: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

• 9.1 Market drivers 

• 9.2 Market challenges 

• 9.3 Impact of drivers and challenges 
• Exhibit 66: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends 

10 Vendor Landscape

• 10.1 Overview 

• 10.2 Vendor landscape 
• Exhibit 67: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 68: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 69: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 70: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 71: Matrix on vendor position and classification

• 11.3 Alcon Inc. 
• Exhibit 72: Alcon Inc. - Overview
• Exhibit 73: Alcon Inc. - Business segments
• Exhibit 74: Alcon Inc. - Key offerings
• Exhibit 75: Alcon Inc. - Segment focus

• 11.4 Appasamy Associates Pvt. Ltd. 
• Exhibit 76: Appasamy Associates Pvt. Ltd. - Overview
• Exhibit 77: Appasamy Associates Pvt. Ltd. - Product / Service
• Exhibit 78: Appasamy Associates Pvt. Ltd. - Key offerings

• 11.5 Aravind Eye Care System 
• Exhibit 79: Aravind Eye Care System - Overview
• Exhibit 80: Aravind Eye Care System - Product / Service
• Exhibit 81: Aravind Eye Care System - Key offerings

• 11.6 Bausch Health Co. Inc. 
• Exhibit 82: Bausch Health Co. Inc. - Overview
• Exhibit 83: Bausch Health Co. Inc. - Business segments
• Exhibit 84: Bausch Health Co. Inc. - Key news
• Exhibit 85: Bausch Health Co. Inc. - Key offerings
• Exhibit 86: Bausch Health Co. Inc. - Segment focus

• 11.7 Care Group Sight Solution Pvt. Ltd.
• Exhibit 87: Care Group Sight Solution Pvt. Ltd. - Overview
• Exhibit 88: Care Group Sight Solution Pvt. Ltd. - Product / Service
• Exhibit 89: Care Group Sight Solution Pvt. Ltd. - Key offerings

• 11.8 Carl Zeiss AG 
• Exhibit 90: Carl Zeiss AG - Overview
• Exhibit 91: Carl Zeiss AG - Business segments
• Exhibit 92: Carl Zeiss AG - Key offerings
• Exhibit 93: Carl Zeiss AG - Segment focus

• 11.9 EssilorLuxottica SA 
• Exhibit 94: EssilorLuxottica SA - Overview
• Exhibit 95: EssilorLuxottica SA - Business segments
• Exhibit 96: EssilorLuxottica SA - Key offerings
• Exhibit 97: EssilorLuxottica SA - Segment focus

• 11.10 Excellent Hi Care Pvt. Ltd. 
• Exhibit 98: Excellent Hi Care Pvt. Ltd. - Overview
• Exhibit 99: Excellent Hi Care Pvt. Ltd. - Product / Service
• Exhibit 100: Excellent Hi Care Pvt. Ltd. - Key offerings

• 11.11 FREEDOM MEDICARE SAS 
• Exhibit 101: FREEDOM MEDICARE SAS - Overview
• Exhibit 102: FREEDOM MEDICARE SAS - Product / Service
• Exhibit 103: FREEDOM MEDICARE SAS - Key offerings

• 11.12 Global Ophthalmic Pvt. Ltd. 
• Exhibit 104: Global Ophthalmic Pvt. Ltd. - Overview
• Exhibit 105: Global Ophthalmic Pvt. Ltd. - Product / Service
• Exhibit 106: Global Ophthalmic Pvt. Ltd. - Key offerings

• 11.13 Johnson and Johnson Services Inc.
• Exhibit 107: Johnson and Johnson Services Inc. - Overview
• Exhibit 108: Johnson and Johnson Services Inc. - Business segments
• Exhibit 109: Johnson and Johnson Services Inc. - Key news
• Exhibit 110: Johnson and Johnson Services Inc. - Key offerings
• Exhibit 111: Johnson and Johnson Services Inc. - Segment focus

• 11.14 NanoVision 
• Exhibit 112: NanoVision - Overview
• Exhibit 113: NanoVision - Product / Service
• Exhibit 114: NanoVision - Key offerings

• 11.15 Omni Lens Pvt. Ltd. 
• Exhibit 115: Omni Lens Pvt. Ltd. - Overview
• Exhibit 116: Omni Lens Pvt. Ltd. - Product / Service
• Exhibit 117: Omni Lens Pvt. Ltd. - Key offerings

• 11.16 SMR Ophthalmic Pvt. Ltd. 
• Exhibit 118: SMR Ophthalmic Pvt. Ltd. - Overview
• Exhibit 119: SMR Ophthalmic Pvt. Ltd. - Product / Service
• Exhibit 120: SMR Ophthalmic Pvt. Ltd. - Key offerings

• 11.17 STAAR Surgical Co. 
• Exhibit 121: STAAR Surgical Co. - Overview
• Exhibit 122: STAAR Surgical Co. - Product / Service
• Exhibit 123: STAAR Surgical Co. - Key offerings

12 Appendix

• 12.1 Scope of the report 

• 12.2 Inclusions and exclusions checklist
• Exhibit 124: Inclusions checklist
• Exhibit 125: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 126: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 127: Research methodology
• Exhibit 128: Validation techniques employed for market sizing
• Exhibit 129: Information sources

• 12.5 List of abbreviations 
• Exhibit 130: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio